The Hurston Prize--awarded by the AFS Executive Board and Cultural Diversity Committee--is given to a graduate or undergraduate student for the best work in any medium (including but not limited to papers, films, sound recordings, or exhibitions) on African American folklore.

The Paredes Prize--awarded by the AFS Executive Board, Cultural Diversity Committee, Chicana/Chicano Section, and Folklore Latino, Latinoamericano, y Caribeño Section--recognizes excellence in integrating scholarship and engagement with the people and communities one studies, or in teaching and encouraging scholars and practitioners to work in their own cultures or communities.